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Gold and currency reserves of the countries of the world 2017


The International Monetary Fund has published new data on the gold and foreign exchange reserves of the world in 2017. Gold and exchange currency reserves are highly liquid assets that are under the control of state monetary authorities. They consist of funds in foreign currency, special drawing rights, reserve positions in the IMF and monetary gold.

To funds in foreign currency are:

- Foreign currency in cash;
- balances on correspondent accounts, including depersonalized metal accounts in gold;
- deposits with an initial maturity of up to 1 year, including deposits in gold, loans provided under reverse repurchase agreements with central banks abroad, the Bank for International Settlements and other non-resident credit institutions that have long-term credit ratings below "A" by the classification of rating agencies "Fitch Ratings" and "Standard & Poor's" (or "A2" according to the classification of the rating agency "Moody's");
- Debt securities issued by non-residents with a rating of issues of debt securities (or issuers of debt securities) of at least "AA-" according to the classification of the rating agencies "Fitch Ratings" and "Standard & Poor's" (or "Aa3" according to the classification of the rating agency " Moody's "), and other financial claims to non-residents with an original maturity of up to 1 year inclusive.

Securities transferred to counterparties in the course of securities lending operations (granted in exchange for other securities) are accounted for as part of international reserves, while securities that provide collateral for direct REPO transactions are excluded from reserves. Securities received as security for reverse repurchase agreements or securities loans are not included in international reserves.

Recalculation in US dollars is carried out on the basis of official exchange rates of foreign currencies to the Russian ruble.

Special Drawing Rights

Special international drawing rights (SDRs) include international reserve assets issued by the International Monetary Fund, which are on the state's account with the IMF.

Reserve position in the International Monetary Fund

The reserve position in the IMF is the currency component of the state's quota in the International Monetary Fund.

Monetary gold

Monetary gold is defined as the standard gold bars belonging to the Bank of Russia and the Government of the Russian Federation, coins made of gold with a breakdown of metal not less than 995/1000. This category includes both gold in the vault, and being in transit and in responsible storage, including abroad. Recalculation in US dollars is carried out on the basis of quotations of gold, set by the Bank of Russia and effective as of the reporting date. Let us recall the gold and foreign exchange reserves of the countries of the world 2016

History

Previously, state reserves were created in gold, but according to the results of the conference in Bretton Woods, the United States of America provided support for the US dollar as the world currency due to the obligation to ensure the conversion of US dollars and gold. In the process of transition from the Gold Standard to free conversion, the US dollar became one of the types of world money along with gold. Subsequently, after the collapse of the Bretton Woods system in 1971, the US refused to convert the US dollar into gold, but given that the US dollar's share of world accounts is dominant, the US dollar remains the main reserve currency, and most central banks continue to hold large the volume of international reserves in US dollars. The change in the currency structure of international reserves in the world shows that at the turn of the 20th and 21st centuries, the United States and the United Kingdom strengthened their currencies. Only by the creation of the euro the leading continental countries of Europe were able to resist the tendency of such excessive strengthening, against which Russia is also actively advocating.

Gold and currency reserves of the countries of the world in 2017: a rating in billion $

1 PRC - 3080.7
2 Japan - 1260.0
3 Switzerland - 773.1
4 European Union - 745.9
5 Saudi Arabia - 492.9
6 Taiwan - 444.4
7 Russia - 419.9
8 Hong Kong - 413.3
9 India - 393.6
10 Republic of Korea - 383.8
11 Brazil - 381.2
12 Singapore - 269.7

 
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    GDP of the world's countries 2017
    List of the IMF in trillion. $.

      1 USA - 19,284
      2 China - 12,263
      3 Japan - 4,513
      4 Germany - 3,591
      5 Great Britain - 2,885
      6 France - 2,537
      7 India - 2,487
      8 Italy - 1,901
      9 Brazil - 1,556
      10 Canada - 1,530
    GDP per capita world countries 2017 (table)

    List of the IMF in $

      1 Luxembourg - 108004.9
      2 Switzerland - 79347.76
      3 Norway - 72046.29
      4 Qatar - 67269.64
      5 Macao - 61365.29
    The state debt of the countries of the world 2017

    Public debt of 2017 countries as a percentage of GDP

      1 Japan - 250,91
      2 Lebanon - 147,62
      3 Italy - 131,71
      4 Eritrea - 127,5
      5 Portugal - 127,33
      6 Cape Verde- 122,25
      7 Bhutan - 122,12
      8 Jamaica - 116,07
      9 USA - 107,48
      10 Barbados - 106,58
    Gold and currency reserves of the countries of the world 2017

    International reserves, billion USD

      1 China - 3080,7
      2 Japan - 1260,0
      3 Switzerland - 773,1
      4 European Union - 745,9
      5 Saudi Arabia - 492,9
      6 Taiwan - 444,4
      7 Russia - 419,9
      8 Hong Kong - 413,3
      9 India - 393,6
      10 Republic of Korea - 383,8

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